- Analytics
- News and Tools
- Market News
- European session review: USD little changed as investors' attention turns to U.S. inflation data
European session review: USD little changed as investors' attention turns to U.S. inflation data
| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|---|---|---|---|---|---|
| 06:00 | Switzerland | Trade Balance | April | 3.9 | 3.3 | |
| 06:00 | Germany | Gfk Consumer Confidence Survey | June | -8.6 | -5.2 | -7 |
| 11:00 | United Kingdom | MPC Member Vlieghe Speaks | ||||
| 12:00 | Germany | German Buba President Weidmann Speaks |
USD changed little against its major rivals in the European session on Thursday, as market participants awaited the release of the U.S. data on the core personal consumption expenditures price index (PCE), the Fed’s preferred inflation measure, set for Friday, hoping to receive any cues on the near-term direction of the U.S. monetary policy.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, dropped 0.02% to 90.03.
Hotter-than-anticipated April's U.S. CPI data, which were released earlier this month, raised worries that accelerating inflation might prompt the Federal Reserve to pull back on its stimulus for the U.S. economy. But the Fed's officials have been playing down the risk of rising prices, reiterating the view that any spike in inflation will be temporary. The Fed's governor Randy Quarles, however, acknowledged yesterday that a stronger-than-expected growth of the economy, employment and inflation over the coming months could prompt a discussion on the adjustment of the pace of asset purchases, although he heightened the need for patience in tracking inflation data.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
